Prologis reports Q1 core FFO $1.22, consensus $1.21

Reports Q1 revenue $1.77B, consensus $1.62B. "We continue to deliver record results driven by the unparalleled quality of our portfolio and customer solutions," said CEO Hamid Moghadam. "Demand remains healthy, despite some moderating in terms of decision-making. Given the macroenvironment, we continue to operate our business with a degree of caution. We foresee any potential impact on demand as likely to overlap with a deceleration in new deliveries, sustaining momentum with favorable conditions for high occupancy and continued rent growth into 2024."